Trade in fakes was almost the world’s most profitable criminal activity last year

The OECD, the industrialised world’s think-tank, will today publish its first comprehensive study since 2009 of the trade in counterfeit and pirated goods. The illicit industry is bound to have expanded in the past seven years: trade of all kind has grown as the world has recovered from the financial crisis. The key thing to watch for will be whether commerce in counterfeit products (which infringe trademarks) and pirated merchandise (which violates copyright) has risen as a proportion of the total. That is likely, because the global economy is increasingly knowledge-based. Using the outdated 2009 figures, another OECD study last year concluded that the trade in fakes—everything from rip-offs of Microsoft software to sham cancer therapies—was almost the world’s most profitable criminal activity, with revenues of $250 billion (outstripped only by narcotics). By comparison, illegal trade in small arms and light weapons is worth just $1 billion.

iTrace Technologies Brings Blockchain to Watch Manufacturing Through Montrichard Collaboration iTrace technologies and Montrichard company have entered a collaboration that will bring secured products to Montrichard’s clients. The watch manufacturing company will have 2DMI integration from iTrace which specializes in the provision of secure anti grey market and anti counterfeit solutions. Watches delivered to clients will […]

iTRACE Technologies is one of the most effective forms of defenses on the blockchain, specifically supporting secure Anti-Grey Market and Anti Counterfeit Solutions. As of May 15th, 2018, the company has announced their new Secure 2DMI Making Service, which is planned for Dongguan China. This type of service is specifically meant to fight and reduce the risk […]